BNET Industries
Market Cap:$1.3B
Last Fiscal Year Sales:$10.6B
- Public
- ZA
Dow Jones Description
Get connected with MTN. Established in 1994 and headquartered in Roodepoort, South Africa, MTN Group Limited (Johannesburg: MTN) is one of Africa's leading celluar phone service providers with more than 17 million subscribers. The company operates under the global system for mobile communications (GSM) standard in Nigeria, Cameroon, the Ivory Coast, Rwanda, Swaziland, Uganda, Zambia and its homeland. The cellular operator employs 6,258 people and has revenue of $4.5 billion. In July 2005, MTN acquired 51% in Loteny Telecom, operating under the name Telecel Cote d'Ivoire, in Cote d'Ivoire. It also acquired the remaining 40% in MTN Network Solutions (Pty) Ltd.
President & CEO
Phuthuma Freedom NhlekoNumber of Employees 15,000
Peer Companies
NAICS Code Cellular and Other Wireless Telecommunications: 517212
Recent Events
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Bharti Airtel Is Keen on Mobile Commerce
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UPDATE:Singapore Telecommunications Upgrades Stake In Bharti Airtel
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BRIEF-RESEARCH ALERT-Morgan Stanley cuts rating on Egypt's Mobinil, S.Africa's Vodacom
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Department of Telecom could fail to meet the latest 3G auction deadline
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3rd UPDATE: Bharti Airtel, MTN End Exclusive Merger Talks
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AT A GLANCE: Bharti Airtel, MTN End Merger Talks
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Bharti, MTN abandon merger talks
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Bharti and MTN agree to US$24b stock deal terms
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Bharti denies it has reached deal with MTN Group
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Bharti Raises Offer for MTN
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Proposed deal with Bharti fits into emerging mkt strategy: MTN [The Economic Times, India]
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TIMELINE-Bharti and MTN extend exclusive talks to Sept 30
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UPDATE:Bharti, MTN Executives Meet India's Fin Min Monday On Deal
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South African Markets - Factors to watch on Aug 21
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TIMELINE-Bharti and MTN extend M&A talks
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MTN appoints new finance director
News & Analysis
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mtn group ltd. - All News and Analysis
MTN reportedly planning to buy stake in Aircel.(MERGERS AND ACQUISITIONS)
- 2008-10-01
Media reports state that the MTN Group is holding discussions with India-based Aircel for a stake acquisition deal. The South Africa-based group is perhaps interested in Malaysian company Maxis's stake in the joint venture. The report added that the company, which had previously failed in its...
Bharti Airtel and SingTel plan to set up a separate company for the acquisition of South Africa's MTN Group
- 2008-06-01
Bharti Airtel and SingTel plan to set up a separate company for the acquisition of South Africa's MTN Group. The special purpose vehicle will raise funds, including bridge loans, and may later sell American Depositary Receipts or Global Depositary Receipts to repay the debt.
RCOM's future looks bright irrespective of its deal with MTN.(BUSINESS)(Reliance Communications)(MTN Group)
- 2008-06-01
Even as South Africa-based MTN Group is panning to acquire a majority stake in India's second largest private telecom operator Reliance Communications RCOM, analysts reckon that the telecom firm's future looks very bright. The two firms had announced last week that they had entered into exclusive...
RCOM working out different combinations for MTN deal.(MERGERS AND ACQUISITIONS)(Anil Dhirubhai Ambani Group)(Reliance Communications and MTN Group)(Brief article)
- 2008-06-01
India's second-biggest private telecom operator, Reliance Communications RCom, is likely to allow its India-based minority stakeholders to swap their shares with South Africa's MTN at the same price as the ADAG Anil Dhirubhai Ambani Group, which owns 66 percent stake in RCOM. The stakeholders, which own...
RCOM chairman meets M1 CEO Mr. Mikati.(MERGERS AND ACQUISITIONS)(Anil Ambani of Reliance Communications )(Azmi Mikati of MTN Group)(Brief article)
- 2008-06-01
Anil Ambani, the chairman of Reliance Communications RCOM, which is holding reverse merger talks with South Africa's MTN, has met Azmi Mikati, the CEO of M1, in London. M1, the investment unit of the Mikati family, is the second biggest stakeholder in MTN with a 10.2 ...
Deal between Bharti and MTN called off.(MERGERS AND ACQUISITIONS)(Bharti Cellular Ltd. and MTN Group)(Brief article)
- 2008-06-01
The deal between India's largest telecom operator Bharti Airtel and South Africa's MTN has been called off. The Indian operator has refused to accept MTN's proposal under which, Bharti will become an affiliate of the South African firm. The firm has said that...
Reliance Communications enters into exclusive discussions with MTN.(MERGERS AND ACQUISITIONS)(Reliance Communications and MTN Group)(Brief article)
- 2008-06-01
Indian telecom service provider Reliance Communications RCom, the second biggest mobile operator in the country, has initiated exclusive talks with South African mobile giant MTN to discuss about the potential combination of their businesses. This development assumes significance as RCom's rival Bharti ...
RCom and MTN discussing about a reverse acquisition model.(MERGERS AND ACQUISITIONS)(Reliance Communications)(MTN Group)(Brief article)
- 2008-06-01
According to a report in the Wall Street Journal, Indian telecom operator Reliance Communications Ltd and South Africa-based MTN Group Ltd are holding discussions about a reverse takeover model under which, RCom would launch a buyout bid for MTN with the South African firm acquiring control...
India's Reliance in 'exclusive talks' with MTN
- 2008-05-26
NEW DELHI AFP — India's Reliance Communications said Monday it was in tie-up talks with MTN after rival mobile operator Bharti Airtel hung up on discussions with the South African phone giant in a dispute over control. MTN Group, Africa's biggest cellular operator, and Reliance Communications, India's second largest...
MACH signs framework agreement to cover MTN Group's MEA operations
- 2008-05-23
TELECOMWORLDWIRE-23 May 2008-MACH signs framework agreement to cover MTN Group's MEA operationsC1994-2008 M2 COMMUNICATIONS LTD http://www.m2.com An exclusive framework agreement has been signed by MACH, a provider of business processes to optimise roaming profitability, with the MTN Group, a communications services provider headquartered in South Africa, to cover its...
Decision Makers
| Name (plus bio) | Position |
|---|---|
| Phuthuma Freedom Nhleko | President & CEO |
| Karel Pienaar | CIO & CTO |
| R. Sifiso Dabengwa | COO |
| Rob D. Nisbet | CFO |
| Santie L. Botha | Executive Director, Marketing |
| Irene Charnley | Commercial Director |
| Ravin Maharaj | Manager, Media Relations |
| Bongi Mtshali | Secretary |
| Carlene Petersen | Supervisor |
| Monika Steinlechner | Head, Investor Relations |
| Paul Norman | Head, HR |
| Yvonne Muthien | Head, Corp Affairs |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Cyril Ramaphosa | Non-Executive Chairman |
| Alan F. van Biljon | Board of Directors |
| Carvel Webb | Board of Directors |
| Christopher Kolade | Board of Directors |
| Douglas B. Band | Board of Directors |
| Jan H.N. Strydom | Board of Directors |
| Johnson Njeke | Board of Directors |
| Koosum Kalyan | Board of Directors |
| M. A. Moses | Board of Directors |
| Paul L. Heinamann | Board of Directors |
| Sheik Abduragman Sharbatley | Board of Directors |
| Sindi Mabaso | Board of Directors |
| Van Rooyen | Board of Directors |
| Zithulele N.A. Cindi | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| MTN Group Limited | President & CEO | Current |
| Gsm World | Board of Directors | Current |
| MTN Group Limited | Board of Directors | Current |
| MTN Group Limited | Chairman | Former |
| Organization | Position | Status |
|---|---|---|
| MTN Group Limited | CIO & CTO | Current |
| Organization | Position | Status |
|---|---|---|
| MTN Group Limited | COO | Current |
| MTN Group Limited | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| MTN Group Limited | CFO | Current |
| MTN Group Limited | Board of Directors | Current |
| MTN Group Limited | Finance Director | Former |
| Organization | Position | Status |
|---|---|---|
| MTN Group Limited | Executive Director, Marketing | Current |
| MTN Group Limited | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| MTN Group Limited | Commercial Director | Current |
| MTN Group Limited | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| MTN Group Limited | Manager, Media Relations | Current |
| Organization | Position | Status |
|---|---|---|
| MTN Group Limited | Secretary | Current |
| Organization | Position | Status |
|---|---|---|
| MTN Group Limited | Supervisor | Current |
| MTN International (Pty) Ltd. | Supervisor | Former |
| Organization | Position | Status |
|---|---|---|
| MTN Group Limited | Head, Investor Relations | Current |
| Organization | Position | Status |
|---|---|---|
| MTN Group Limited | Head, HR | Current |
| Organization | Position | Status |
|---|---|---|
| MTN Group Limited | Head, Corp Affairs | Current |
Cyril Ramaphosa graduated in law from the University of South Africa and joined the Council of Unions of South Africa (CUSA) as a legal adviser in 1981. He went on to found the National Union of Mineworkers, South Africa's largest trade union, serving as general secretary until 1991. Cyril is currently executive chairman of Shanduka Group (Proprietary) Limited, which owns Shanduka Newsprint (Proprietary) Limited and Shanduka Packaging (Proprietary) Limited, and non-executive chairman of telecommunications group MTN Group Limited. He is also a non-executive director of insurance group SASRIA Limited, brewing group SABMiller plc, steelmaker MacSteel Holdings (Proprietary) Limited, financial services group Alexander Forbes Limited and Standard Bank Group Limited. He is a past chairman of the Black-Economic Empowerment Commission in South Africa and was the first deputy chairman of the Commonwealth Business Council. He is currently vice chairman of the Global Business Coalition on HIV/AIDS. Cyril holds honorary doctorates from a number of institutions, including the University of South Africa and the University of Massachusetts. He is a member of the DLC nominations committee. Cyril is the former chairman of the Constitutional Assembly, which negotiated South Africa's first democratic dispensation.
| Organization | Position | Status |
|---|---|---|
| MTN Group Limited | Non-Executive Chairman | Current |
| Johnnic Holdings | Chairman | Current |
| Mondi Plc | Board of Directors | Current |
| FirstRand Limited | Board Member | Current |
| MTN Group Limited | Board of Directors | Current |
| SABMiller plc | Board of Directors | Current |
| University Corp. | Bachelor's Degree In Law | Former |
| Organization | Position | Status |
|---|---|---|
| MTN Group Limited | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| MTN Group Limited | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| MTN Group Limited | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| MTN Group Limited | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| MTN Group Limited | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| MTN Group Limited | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| MTN Group Limited | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| MTN Group Limited | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| MTN Group Limited | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| MTN Group Limited | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Mustek Limited | Current | |
| MTN Group Limited | Board of Directors | Current |
| TransNet Corporation | Former |
| Organization | Position | Status |
|---|---|---|
| MTN Group Limited | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| MTN Group Limited | Board of Directors | Current |
Executive News
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Parker to succeed Moody-Stuart
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3rd UPDATE: Anglo Names New Chairman To Replace Moody-Stuart
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MTN appoints new finance director
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Bharti Airtel says not working on sweetening deal
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Airtel not working on sweetening MTN deal
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Bharti Airtel says not working on sweetening MTN deal
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Bharti Airtel says not working on sweetening deal
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UPDATE 2-Bharti Airtel says not working on sweetening deal
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UPDATE 2-Bharti Airtel says not working on sweetening deal
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UPDATE 2-MTN names new finance director
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MTN appoints new finance director, head of S Africa
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MTN Names Nazir Patel To Succeed Finance Director Nisbet
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UPDATE 1-MTN appoints new finance director, head of S.Africa
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UPDATE 1-S.Africa's MTN declines to comment on Bharti at AGM
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UPDATE 1-S.Africa's MTN declines to comment on Bharti at AGM
| Volume | 198,943 |
| Shares Outstanding | 36.2M |
| Market Cap | 1.3B |
| Year High | 39.43 |
| Year Low | 14.76 |
| Earnings Per Share | 1.33 |
| P/E Ratio | 29.0226 |
| Dividend | 0.00 |
| Yield | 0.00 |
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